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Money Market Mutual Funds

Money market funds are debt funds. They invest in short-term sebt securities such as treasury bills and commercial papers. They generally maintain high levels of liquidity.

  • ⏱ Horizon: Short
  • 🔢 Total funds: 27
  • 💰 Total AUM: 3,37,856 Cr

Best performing Money Market Mutual Funds

NameAUM (Cr)Exp Ratio (%)1Y Return3Y CAGR5Y CAGR
Tata Money Market Fund36,819.050.166.92%7.59%6.54%
Nippon India Money Market Fund21,876.270.226.85%7.47%6.43%
Axis Money Market Fund22,669.600.176.89%7.52%6.43%
Aditya Birla SL Money Manager Fund30,777.540.226.75%7.46%6.41%
HDFC Money Market Fund33,094.050.236.84%7.46%6.40%
UTI Money Market Fund20,319.650.136.81%7.46%6.39%
Kotak Money Market Fund33,661.370.166.82%7.44%6.36%
ICICI Pru Money Market Fund35,305.070.216.82%7.45%6.34%
SBI Savings Fund35,417.750.256.76%7.41%6.34%
Bandhan Money Market Fund14,805.350.106.91%7.48%6.31%

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Overview of Money Market Mutual Funds

Tata Money Market Fund
  • AUM
    ₹ 36,819.05 Cr.
  • Expense Ratio
    0.16%
  • 5Y CAGR
    6.54%
Performance
The fund's annualised performance has been 6.74% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.43% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 58.34% along with the largest allocation towards Public Banks at 41.79%.
Nippon India Money Market Fund
  • AUM
    ₹ 21,876.27 Cr.
  • Expense Ratio
    0.22%
  • 5Y CAGR
    6.43%
Performance
The fund's annualised performance has been 7.29% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.45% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 60.66% along with the largest allocation towards Public Banks at 38%.
Axis Money Market Fund
  • AUM
    ₹ 22,669.60 Cr.
  • Expense Ratio
    0.17%
  • 5Y CAGR
    6.43%
Performance
The fund's annualised performance has been 6.4% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.43% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 55.67% along with the largest allocation towards Public Banks at 35.89%.
Aditya Birla SL Money Manager Fund
  • AUM
    ₹ 30,777.54 Cr.
  • Expense Ratio
    0.22%
  • 5Y CAGR
    6.41%
Performance
The fund's annualised performance has been 7.38% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.43% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 60.58% along with the largest allocation towards Private Banks at 35.01%.
HDFC Money Market Fund
  • AUM
    ₹ 33,094.05 Cr.
  • Expense Ratio
    0.23%
  • 5Y CAGR
    6.4%
Performance
The fund's annualised performance has been 7.29% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.43% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 61.82% along with the largest allocation towards Public Banks at 49.85%.
UTI Money Market Fund
  • AUM
    ₹ 20,319.65 Cr.
  • Expense Ratio
    0.13%
  • 5Y CAGR
    6.39%
Performance
The fund's annualised performance has been 7.28% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.44% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 62.69% along with the largest allocation towards Public Banks at 38.41%.
Kotak Money Market Fund
  • AUM
    ₹ 33,661.37 Cr.
  • Expense Ratio
    0.16%
  • 5Y CAGR
    6.36%
Performance
The fund's annualised performance has been 7.22% since inception.
Risk
The fund has been categorised as Moderate by SEBI and has a standard deviation of 0.43% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 63.12% along with the largest allocation towards Public Banks at 38.58%.
ICICI Pru Money Market Fund
  • AUM
    ₹ 35,305.07 Cr.
  • Expense Ratio
    0.21%
  • 5Y CAGR
    6.34%
Performance
The fund's annualised performance has been 7.25% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.45% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 59.68% along with the largest allocation towards Public Banks at 41.44%.
SBI Savings Fund
  • AUM
    ₹ 35,417.75 Cr.
  • Expense Ratio
    0.25%
  • 5Y CAGR
    6.34%
Performance
The fund's annualised performance has been 7.48% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.42% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 66.92% along with the largest allocation towards Public Banks at 50.49%.
Bandhan Money Market Fund
  • AUM
    ₹ 14,805.35 Cr.
  • Expense Ratio
    0.1%
  • 5Y CAGR
    6.31%
Performance
The fund's annualised performance has been 7.2% since inception.
Risk
The fund has been categorised as Moderately Low by SEBI and has a standard deviation of 0.41% vs its category average of 0.51%.
Composition
Certificate of Deposit makes up for the majority of the fund at 70.1% along with the largest allocation towards Public Banks at 47%.
This compilation has been made as and by way of an update from the publicly available sources of information.This compilation is provided for information purposes only and is not intended to be relied upon by any party as the basis of any decision.

While every effort has been made to take due care in publishing this compilation and to avoid errors or omissions, this compilation is published with a condition and understanding that the Anchorage Technologies Private Limited (ATPL) shall not be responsible for any damages, compensation or loss or action taken or abstained to be taken on the basis of this article/commentary to any person whomsoever.

Investing in Mutual Funds,Stocks/ETFs (Exchange Traded Funds) and securities are subject to market risk. Please read all the related documents carefully before investing. Investors should consider all risk factors and consult their financial advisor before investing. Representations are not indicative of future results.